Bank of South Carolina (NASDAQ:BKSC) Coverage Initiated at StockNews.com

by · The Markets Daily

StockNews.com began coverage on shares of Bank of South Carolina (NASDAQ:BKSC – Free Report) in a research note published on Wednesday morning. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Stock Up 0.2 %

Shares of Bank of South Carolina stock opened at $13.53 on Wednesday. Bank of South Carolina has a 12-month low of $10.56 and a 12-month high of $14.25. The stock has a market capitalization of $73.45 million, a P/E ratio of 11.00 and a beta of 0.35. The company has a 50-day simple moving average of $13.59 and a 200 day simple moving average of $13.27.

Bank of South Carolina Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 8th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 8th. This represents a $0.76 dividend on an annualized basis and a yield of 5.62%. Bank of South Carolina’s dividend payout ratio (DPR) is presently 58.46%.

About Bank of South Carolina

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Bank of South Carolina Corporation operates as a bank holding company for The Bank of South Carolina that provides a range of financial products and services primarily in Charleston, Berkeley, and Dorchester counties of South Carolina. Its deposits include non-interest-bearing demand accounts, NOW accounts, money market accounts, time deposits, and savings accounts, as well as certificates of deposit.

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